by our College Data Analytics TeamWe've pulled together some essential information you should know about the program, including how many students graduate each year, the ethnic diversity of these students, average starting salaries, and more. In addition, we cover how Carnegie Mellon ranks in comparison to other schools with economics programs.
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Carnegie Mellon is in the top 10% of the country for economics. More specifically it was ranked #27 out of 407 schools by College Factual. It is also ranked #2 in Pennsylvania.
| Ranking Type | Rank |
|---|---|
| Best Economics Schools | 27 |
| Best Economics Bachelor’s Degree Schools | 32 |
During the 2021-2022 academic year, Carnegie Mellon University handed out 55 bachelor's degrees in economics. This is a decrease of 13% over the previous year when 63 degrees were handed out.
In 2022, 6 students received their master’s degree in economics from Carnegie Mellon. This makes it the #150 most popular school for economics master’s degree candidates in the country.
In addition, 7 students received their doctoral degrees in economics in 2022, making the school the #62 most popular school in the United States for this category of students.
The median salary of economics students who receive their bachelor's degree at Carnegie Mellon is $86,284. This is great news for graduates of the program, since this figure is higher than the national average of $51,722 for all economics bachelor's degree recipients.
During the 2022-2023 academic year, part-time undergraduate students at Carnegie Mellon paid an average of $865 per credit hour. No discount was available for in-state students. Information about average full-time undergraduate tuition and fees is shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $62,260 | $62,260 |
| Fees | $1,014 | $1,014 |
| Books and Supplies | $1,000 | $1,000 |
| On Campus Room and Board | $17,468 | $17,468 |
| On Campus Other Expenses | $1,400 | $1,400 |
Learn more about Carnegie Mellon tuition and fees.
Of the 55 economics students who graduated with a bachelor's degree in 2021-2022 from Carnegie Mellon, about 56% were men and 44% were women.
The following table and chart show the ethnic background for students who recently graduated from Carnegie Mellon University with a bachelor's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 18 |
| Black or African American | 0 |
| Hispanic or Latino | 7 |
| White | 20 |
| Non-Resident Aliens | 4 |
| Other Races | 6 |
Carnegie Mellon does not offer an online option for its economics bachelor’s degree program at this time. To see if the school offers distance learning options in other areas, visit the Carnegie Mellon Online Learning page.
During the 2021-2022 academic year, 4 students graduated with a master's degree in economics from Carnegie Mellon. About 25% were men and 75% were women.
The following table and chart show the ethnic background for students who recently graduated from Carnegie Mellon University with a master's in economics.
| Ethnic Background | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 0 |
| Hispanic or Latino | 0 |
| White | 0 |
| Non-Resident Aliens | 4 |
| Other Races | 0 |
Take a look at the following statistics related to the make-up of the economics majors at Carnegie Mellon University.
| Related Major | Annual Graduates |
|---|---|
| International Relations & National Security | 30 |
| Other Social Sciences | 1 |
More about our data sources and methodologies.